Actyv.ai, a B2B supply chain management platform, and Mswipe, a supplier of digital payment technology, have partnered to enhance payment options for merchants in India.
Actyv.ai announced the deal on its Facebook page. “Through this relationship, Mswipe will use actyv.ai’s technological stack, allowing the merchants to make knowledgeable decisions regarding their distributors and providers.”
“The omnichannel payment solutions and business loans offered by Mswipe will be beneficial to actyv.ai’s enterprise clients.”
The cooperation comes in the wake of actyv.ai’s statement in September that it has enhanced its platform with an incorporated B2B buy now, pay later (BNPL) option and insurance, claiming that doing so would speed up and simplify commercial transactions.
Clients may manage all aspects of a business transaction from one platform by connecting businesses, their partners, and financial institutions (FIs).
Actyv.ai, according to the business, “enables easy onboarding of distributors and suppliers onto an enterprise’s network” by utilizing its SaaS [software-as-a-service] technological platform. According to their financial and non-financial data, the company’s goal is to offer alternative forms of capital to an enterprise’s channel partners.
Entrata CFO Mark Hansen remarked, “This digital revolution is in its early stages.
B2B payments are now being modernized by using a variety of applications and services including Apple Pay and Google Pay. That may be a target as individuals there are accustomed to viewing financial and transaction information instantly.
However, getting there would require modernizing a variety of back-office tasks, such as automating accounts payable (AP), which will encourage more vendors to accept digital payments rather than the traditional paper check.
It will also take time. Consumer credit cards, which were introduced in the late 1950s, took a decade to become popular, according to Galileo CPO David Feuer.
